Nifty opened with a gap down of 20 points at 7726 and made a high of 7740. The markets failed to cross the 7745 resistance level, as well as previous days high. This is clear indication of weak market. It collapsed down to the support of 7660. The market can move up as long as the 7654 levels is not broken on closing basis.
The support for nifty is at 7654-7602-7560 and the resistance lies at 7414-7754-7776. Nifty August Future has
been trading at 19-20 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 11.74 and for puts were at 14.8. India VIX closed at .
PCR for Nifty based on open interest was at 1.01 and PCR for the day based on
volumes was at 0.96 for the market.
CASH MARKET:
FII 4052.29 - 3768.42 = 283.87Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1582.97 | 1906.65 | -323.68 |
| INDEX OPTIONS | 11111.47 | 10462.50 | 648.96 |
| STOCK FUTURES | 2368.38 | 2558.96 | -190.58 |
| STOCK OPTIONS | 1659.27 | 1609.06 | 50.21 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| GVK Power & Infrastructure Limited | Annual General Meeting | 7-Aug-14 |
| Star Ferro and Cement Limited | Annual General Meeting/E-Voting | 7-Aug-14 |
| UPL Limited | Annual General Meeting/Dividend Rs.4/- Per Share | 7-Aug-14 |
| Orient Cement Limited | Annual General Meeting/Dividend Re.0.75/- Per Share | 7-Aug-14 |
| Zenith Computers Limited | Annual General Meeting | 7-Aug-14 |
| Venky's (India) Limited | Annual General Meeting / Dividend - Rs 5/- Per Share | 7-Aug-14 |
| Sterlite Technologies Limited | Annual General Meeting/Dividend Re 0.30/- Per Share | 7-Aug-14 |
| GHCL Limited | Annual General Meeting/Dividend Rs.2/- Per Share | 7-Aug-14 |
| Allsec Technologies Limited | Annual General Meeting | 7-Aug-14 |
| V.S.T Tillers Tractors Limited | Annual General Meeting / Final Dividend - Rs 15/- Per Share | 7-Aug-14 |
| Bedmutha Industries Limited | Annual General Meeting | 7-Aug-14 |
| LIC Housing Finance Limited | Annual General Meeting / Dividend - Rs 4.50/- Per Share | 7-Aug-14 |
| Munjal Showa Limited | Annual General Meeting / Dividend - Rs 3.50/- Per Share | 7-Aug-14 |
STOCKS IN NEWS:**
Karnataka Bank: Banks in Karnataka disbursed Rs 21,663 crore during the first quarter of the fiscal against the annual target of Rs 89,821 crore, Syndicate Bank Executive Director M Anjaneya Prasad said today.
Lupin Ltd: Drug major Lupin has inked a marketing pact with South Korea's LG Life Sciences to launch its anti-diabetes drug in India.
Defence and Railway stocks will be in focus after the cabinet approved a plan to raise the amount of foreign direct investment allowed in its defence and railways industries, part of Prime Minister Narendra Modi's efforts to attract more foreign cash and revive the economy.
IOC Ltd: The Adani Group and Indian Oil CorporationBSE 0.99 % are in talks to build a Rs 30,000-crore joint venture refinery at Mundra, which would give Gautam Adani an entry into the oil sector while the state-run company would get land port facilities for the proposed export-focused unit.
Bharti Infratel Ltd: Bharti Airtel plans to raise at least Rs 2,125 crore by selling up to 8.5 crore shares in its tower business unit Bharti Infratel via stock exchanges at a floor price of Rs 250 per share tomorrow.
GMR Infrastructure Ltd: The infra company is looking to sell its aircraft maintenance facility after buying out its partner's stake in it, three senior executives said, a move in line with its strategy of selling assets to raise cash. None of them elaborated on the valuation that the company is looking for.
Bata India Ltd: Footwear firm Bata India has decided to merge its two wholly-owned subsidiaries - Bata Properties Ltd and Coastal Commercial & Exim Ltd - with the company.
IDBI Bank Ltd: In spite of a dip in provisions, IDBI Bank reported a 65 per cent plunge in net profit for the quarter to June at Rs 106 crore as the state-run lender had to set aside provisions for its inability to meet priority sector lending (PSL) targets.
JSPL: Jindal Steel and Power reported a 20 per cent dip in consolidated net profit at Rs 402 crore for the first quarter of the current fiscal due to higher depreciation and finance costs.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
IDBI BANK-cmp 85
The stock has given break down of a Inverted Cup & Handle pattern on the daily charts on the back of exceptionally high volume. The RSI is also well below the support of 40% . The pattern target lies at 56 with the stop loss of 95. The stock can be shorted for the targets of 81-77.85 with the stop loss of 89 on closing basis.
The stock has given break down of a Inverted Cup & Handle pattern on the daily charts on the back of exceptionally high volume. The RSI is also well below the support of 40% . The pattern target lies at 56 with the stop loss of 95. The stock can be shorted for the targets of 81-77.85 with the stop loss of 89 on closing basis.
No comments:
Post a Comment